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Change in the Nasdaq100. The selling on the Nasdaq100 from 12 to 19 April, which sent the index down more than 7%, has stimulated buying interest this week. They see falling prices as an opportunity to buy stocks at a reduced cost. RSI dynamics. The rebound of the index coincided with the recovery of the RSI indicator […]

The post Nasdaq 100 Might Retreat to 15800 appeared first on Action Forex.

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19/09/2024

Bank of England Review – Gradual Easing Cycle Supports GBP

At today’s monetary policy meeting the BoE left the Bank Rate unchanged at 5.00% as widely expected. The BoE delivered a hawkish twist to its guidance emphasising their gradual approach to reducing the restrictiveness of monetary policy. We think this supports our base case of the next cut in November and a pause in December. […]
01/07/2024

Euro, European Equities Rally, But French Election Tempest Far From Over

Yes, Mesdames et Messieurs, the first round of the French legislative election went totally according to the plan for Marine Le Pen’s Nationally Rally which secured one vote over three and became the first far-right party to top the legislative elections in France. The New Popular Front – the alliance of left and greens – […]
11/01/2024

All Eyes on US Inflation

In focus today The most important release today will be the US December CPI. We look for a modest uptick in headline inflation to +0.2% m/m SA (Nov +0.1% m/m) driven mostly by less negative energy contribution while core inflation is set to remain relatively stable at +0.3% m/m SA (Nov +0.3% m/m). The main […]